Slam Total Current Assets vs Other Current Liab Analysis
SXL Stock | CAD 0.02 0.01 33.33% |
Slam Exploration financial indicator trend analysis is much more than just breaking down Slam Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Slam Exploration is a good investment. Please check the relationship between Slam Exploration Total Current Assets and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slam Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Total Current Assets vs Other Current Liab
Total Current Assets vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Slam Exploration Total Current Assets account and Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Slam Exploration's Total Current Assets and Other Current Liab is 0.54. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Slam Exploration, assuming nothing else is changed. The correlation between historical values of Slam Exploration's Total Current Assets and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Slam Exploration are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Current Assets i.e., Slam Exploration's Total Current Assets and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Other Current Liab
Most indicators from Slam Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Slam Exploration current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slam Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Selling General Administrative is likely to climb to about 212.5 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 83.6 K in 2024.
Slam Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Slam Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Slam Exploration fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 308.4K | 1.0M | 1.8M | 1.7M | 1.9M | 993.7K | |
Total Current Liabilities | 429.7K | 421.4K | 490.8K | 570.3K | 655.9K | 364.2K | |
Total Stockholder Equity | (121.3K) | 599.7K | 1.3M | 1.1M | 1.3M | 1.3M | |
Net Tangible Assets | 376.2K | (121.4K) | 599.7K | 1.3M | 1.5M | 1.6M | |
Retained Earnings | (24.9M) | (24.8M) | (24.8M) | (25.0M) | (22.5M) | (23.7M) | |
Accounts Payable | 38.7K | 47.7K | 64.5K | 54.6K | 49.1K | 61.8K | |
Cash | 12.3K | 237.3K | 444.7K | 164.1K | 188.7K | 132.1K | |
Net Receivables | 44.8K | 22.7K | 82.8K | 29.5K | 26.5K | 25.2K | |
Short Term Investments | 90K | 194.2K | 167.9K | 259.7K | 298.6K | 313.6K | |
Other Stockholder Equity | 391.6K | 265.8K | 246.0K | 609.6K | 701.1K | 386.8K | |
Total Liab | 429.7K | 445.6K | 511.9K | 582.1K | 669.4K | 370.4K | |
Total Current Assets | 147.1K | 467.4K | 710.6K | 497.7K | 572.3K | 354.9K | |
Property Plant Equipment | 357.0K | 161.3K | 578.0K | 1.1M | 1.3M | 1.3M | |
Non Current Assets Total | 161.3K | 578.0K | 1.1M | 1.2M | 1.4M | 773.3K | |
Net Invested Capital | (121.3K) | 624.0K | 1.4M | 1.2M | 1.3M | 757.8K | |
Net Working Capital | (282.6K) | 46.0K | 219.8K | (72.7K) | (65.4K) | (62.1K) |
Pair Trading with Slam Exploration
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Slam Exploration position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Slam Exploration will appreciate offsetting losses from the drop in the long position's value.Moving against Slam Stock
0.48 | CVS | CVS HEALTH CDR | PairCorr |
The ability to find closely correlated positions to Slam Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Slam Exploration when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Slam Exploration - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Slam Exploration to buy it.
The correlation of Slam Exploration is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Slam Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Slam Exploration moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Slam Exploration can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slam Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Slam Stock analysis
When running Slam Exploration's price analysis, check to measure Slam Exploration's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Slam Exploration is operating at the current time. Most of Slam Exploration's value examination focuses on studying past and present price action to predict the probability of Slam Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Slam Exploration's price. Additionally, you may evaluate how the addition of Slam Exploration to your portfolios can decrease your overall portfolio volatility.
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